Thursday, March 10, 2022 9:28:10 PM
Aware we need to do a certain amount of drilling for a few of the earn in deals around Springpole but not giving much thought to it until I hear a detailed plan of meters they expect to drill and $’s it will cost. Appreciate the fact that our 3 partners have been aggressively drilling their projects - that’s where increases in the resource will come from for now (even though we only benefit 20%).
I was a proponent months ago of FMG doing aggressive drilling, recognizing that it would burn though our cash on hand. In retrospect, it appears that the market is not rewarding new discovery. Auteco doubled their resource and their stock price in down. Many other examples out there of similar situation. In time, that will change - just unclear if that is days, weeks or months away.
Rooting on $2,000 gold and $26 silver - be a nice way to end the week.
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